US EditionHow The Iran Conflict Is Impacting Gas Prices
Geopolitical tensions and seasonal fuel changes could push Florida gas prices above $3 per gallon this week, AAA and GasBuddy analysts warn.
- On March 2, 2026, Florida's average regular gasoline price remained $3.88 per gallon, but prices face uncertainty as crude surged after Sunday night trading, Mark Jenkins wrote.
- Geopolitical disruptions around the Strait of Hormuz sent oil prices up nearly 10%, with U.S. and Israeli strikes on Iran occurring Saturday. Jenkins warned about impacts on the critical oil route where about 20% of the world's oil flows.
- GasBuddy wrote that wholesale crude, which accounts for over 50% of pump prices, is pushed higher by forces already in motion, with a $1 oil change roughly shifting gas prices by 2.4 cents per gallon.
- Locally, stations have already moved prices as a St. Petersburg station jumped from $2.73 to $3.19 in one day, with some stations raising 30 to 85 cents amid Tampa Bay spring break travel.
- Supply buffers such as OPEC's April increase of 206,000 barrels per day and Saudi Arabia's at least 2 million barrels of surplus capacity may cushion markets, but experts warn that the conflict's duration will determine if prices stay high, Hirs said.
16 Articles
16 Articles
Annual inflation in Chile is currently at 2.8% and recent prospects indicated that it would remain at around 3% during much of 2026, thus achieving the long-awaited re-acclamation in the Central Bank’s goal. However, the external shock that the effects of the war conflict that broke out on the weekend between the US-Israel alliance versus Iran may change that scenario that was shared by the market and the governing body itself, although the expe…
Since this weekend, the regional conflict has jeopardized maritime traffic in the Strait of Ormuz, through which about 20 per cent of the world's oil flows. On Monday, Iran targeted mining sites in Qatar and Saudi Arabia. The price of oil and gas immediately blazed.
Mayor Claudia Sheinbaum is reviewing the impact on Mexico of the rise in oil prices stemming from the conflict between the United States and Iran with the Ministry of Finance. The Mayor reported that the issue is addressed during her weekly meeting with Finance Secretary Edgar Amador, with the aim of evaluating crude oil prices and their effects on the country. "I have a meeting with the Ministry of Finance every Monday morning, and we discuss …
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